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Dec 6, 2012
12/12
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>> apparently both governments say they're happy with this decision. but -- >> after the last time when they didn't bother to check with the german chancellor and assured us that it was all fine. i just wonder if that's done it properly this time. stefane, thanks for that. off to japan thousanow where ni has had a set back. the story from tokyo. >> nissan says it was recall half a million compact calls starting tomorrow. it covers the c plus c produced between february 2002 and february 2009. rear lights may not work when reversing and braking due to wiring problems and they will offer free repairs. the problem hasn't caused any accidents or injuries so far and only applies to cars sold it in japan. in china, auto sales are slowly recovering and this is good it news for nissan as the chinese market accounted for 26% of its global sales in fiscal 2011. more than its japanese peers. nissan sales in most of were down 30% from the previous year, but a slight improvement from october when they sold more than 40% due to political tensions between china and j
>> apparently both governments say they're happy with this decision. but -- >> after the last time when they didn't bother to check with the german chancellor and assured us that it was all fine. i just wonder if that's done it properly this time. stefane, thanks for that. off to japan thousanow where ni has had a set back. the story from tokyo. >> nissan says it was recall half a million compact calls starting tomorrow. it covers the c plus c produced between february 2002...
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Nov 30, 2012
11/12
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what's the government reaction now? >> yes, gdp figures are disappoint and that's what the government has admitted. but the government is working on a concrete plan to get growth back on track. gdp numbers have come in at 5.3% versus the 5.5% in the last quarter and primarily this is because of the slowdown in manufacturing growth which led to a slowdown in industrial growth. the government is focusing onseting up a national investment board and the government hopes with the infrastructure project back on track, growth should be higher than the estimated 5.5%. and also that this will enable central bank to ease monetary policy in order to make funds available for corporates for higher investment. target at 5.3% is also being worked on and likely to be met which is again something which will help the rbi to ease. back to you. >> tv 18 in new delhi. for more now, we're joined by chief economist for india and asean at hsbc. we heard talking about wherein from a structure spending, plans by the government are the next step.
what's the government reaction now? >> yes, gdp figures are disappoint and that's what the government has admitted. but the government is working on a concrete plan to get growth back on track. gdp numbers have come in at 5.3% versus the 5.5% in the last quarter and primarily this is because of the slowdown in manufacturing growth which led to a slowdown in industrial growth. the government is focusing onseting up a national investment board and the government hopes with the...
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Dec 7, 2012
12/12
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government. italian yields are right now contained at 4.58%.iy ig govern. italian yields are right now contained at 4.58%. ig governme. italian yields are right now contained at 4.58%.ig governmen. italian yields are right now contained at 4.58%. government. italian yields are right now contained at 4.58%. weaker than expected manufacturing levels. temporary factors, but it may well impact the fourth quarter gdp figures. so there will be talk of risk of a triple dip in the uk as a result. euro-dollar already weakening substantially after trichet was pretty bearish with their forecasts. they didn't cut rates. let's get a recap then on what's happened with the final trading day of the week. in asia, the final time this week. >> thank you, ross. asian bourses finished the trading week on a mixed thoet. shanghai composite gained a strong 1.6% today and up over 4% on the week. stocks related to infrastructure xwr growth continue to surge after they look to boost inventment demand by over $6.4 trillion over the next decade. agriculture stocks surged
government. italian yields are right now contained at 4.58%.iy ig govern. italian yields are right now contained at 4.58%. ig governme. italian yields are right now contained at 4.58%.ig governmen. italian yields are right now contained at 4.58%. government. italian yields are right now contained at 4.58%. weaker than expected manufacturing levels. temporary factors, but it may well impact the fourth quarter gdp figures. so there will be talk of risk of a triple dip in the uk as a result....
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Dec 5, 2012
12/12
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but that's not the way government works. they get briefed on economic stuff one minute and they run into a meeting and get briefed on the mating habits of a spotted owl or some other cause that they'll be asked to vote on later in the day, too. it's just the way our government works. >> whatever happens, we'll probably get some tax changes here, which investors are going to matter. which ones are the standout and how much time have you got to deal with it? >> well, there are a lot of them, the standouts. the biggest ones are the dividend and capital gains. companies are borrowing money to jam money out the door in special dividends to beat the deadline. so anyone that says the tax policy doesn't matter as it relates to economic conditions is really out of their mind. it really does make a difference. so i think when you look at dividends, capital gains, i think individuals for the last minute is when so many things get done, the article that i wrote for cnbc.com talks about the power of the last minute. if you've been procra
but that's not the way government works. they get briefed on economic stuff one minute and they run into a meeting and get briefed on the mating habits of a spotted owl or some other cause that they'll be asked to vote on later in the day, too. it's just the way our government works. >> whatever happens, we'll probably get some tax changes here, which investors are going to matter. which ones are the standout and how much time have you got to deal with it? >> well, there are a lot...
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Nov 29, 2012
11/12
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and too much government intervention. positive impact on the weak in the real, but it for rios, it's very much a bottoming out of earnings. you have at least a positive view coming from china. voolation is very much on its side. a slight admission here that my view is you're going to start to see a bit of sector rotation going into 2013. worst performing sector in 2012, basic resources. they all had a terrible time. and i'm not saying it's a bad time. they'll turn around and outperform. but if you're looking for a bit of sector rotation, earn i thinkings have bottomed out. i think the chinese situation in terms of growth will be better than expected. i think rios is the place to be. >> and why? >> i'm more positive on the iron ore side. and china and value ace and growth plans. look today in terms of what they've stated in their investor day in australia. they put us pretty clear outlook for what their growth patterns in terms of capex and cost production. bhp is very much a much more diversified miner, a lot more expensi
and too much government intervention. positive impact on the weak in the real, but it for rios, it's very much a bottoming out of earnings. you have at least a positive view coming from china. voolation is very much on its side. a slight admission here that my view is you're going to start to see a bit of sector rotation going into 2013. worst performing sector in 2012, basic resources. they all had a terrible time. and i'm not saying it's a bad time. they'll turn around and outperform. but if...
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Nov 29, 2012
11/12
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rationalizing this to the public and to the government would prove very tough. for large firms, administration issues including getting comp committees determining what wage to pay and getting stock in the hands of employees by year end is too massive an undertaking for many with just a month to go in the year. now pay experts say interest in act sell traiting bonuses peaked after the election, but once they understood the hurdles they have to clear, they dropped it. while smaller firms may accelerate payments too because the administrative burden is mangle. one ceo who does not want to be identifieded says that -- this will allow the firms to escape mentioning the move in their annual proxies. should budget talks fail as which approach year end, advisers say some ceos may revir revisit paying out bonuses early. >> hesitant of the government's ability to avoid the fiscal cliff, many high income earns are taking steps to sell their houses, stocks and even businesses before the end of the year. you're going to name names? >> one of the advantages of being wealthy
rationalizing this to the public and to the government would prove very tough. for large firms, administration issues including getting comp committees determining what wage to pay and getting stock in the hands of employees by year end is too massive an undertaking for many with just a month to go in the year. now pay experts say interest in act sell traiting bonuses peaked after the election, but once they understood the hurdles they have to clear, they dropped it. while smaller firms may...
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Dec 4, 2012
12/12
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we want to -- the government solves problems in texas. we want to do something in texas, it happens two or three times faster in texas than it does in, say, the state of california. >> mike, thank you very much. >> thank you. >> great seeing you guys this morning. >>> let's check the futures, traders focus on jobs this week as we get ready for the big employment report on friday. >>> coming up, becky's exclusive interview with brian moynihan. [ penélope ] i found the best cafe in the world. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you co
we want to -- the government solves problems in texas. we want to do something in texas, it happens two or three times faster in texas than it does in, say, the state of california. >> mike, thank you very much. >> thank you. >> great seeing you guys this morning. >>> let's check the futures, traders focus on jobs this week as we get ready for the big employment report on friday. >>> coming up, becky's exclusive interview with brian moynihan. [ penélope ] i...
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Dec 7, 2012
12/12
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government now can stop this kind of job growth. a fiscal cliff go over -- >> snatching victory from the jaws. >> a superstorm. nothing can stop the generation of jobs in this economy. >> there's a great article today in one of the papers about how apartment building, we have a shortage of apartments and shortage of housing and shortage of autos and shortage of office buildings developing, shortage of shopping centers, shortage of shopping malls. this is what begins a movement. you have to hire eventually. now you could say people are not looking for work, come on. look, jobs are here. they can -- it can be just easily reversed if you have no idea what is the future because of washington. >> given the data points that we've had in terms of claims numbers that did reflect an impact from sandy, they said 85,000 jobs or 86,000 jobs were sliced because of impact of sandy. average hours worked unchanged. doesn't that -- i don't know -- doesn't that bring into question a little bit the participation in the survey. how can it have no impac
government now can stop this kind of job growth. a fiscal cliff go over -- >> snatching victory from the jaws. >> a superstorm. nothing can stop the generation of jobs in this economy. >> there's a great article today in one of the papers about how apartment building, we have a shortage of apartments and shortage of housing and shortage of autos and shortage of office buildings developing, shortage of shopping centers, shortage of shopping malls. this is what begins a...
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Nov 29, 2012
11/12
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and let's not be threatening government shut downs. let's sit down in a good faith effort and that's what president obama is not doing. he's back on the campaign trail which will is unfortunate. he should be in washington here sitting down in a good faith effort to try and grow the economy. because that's ten times more effective. >> senator, what are the odds that you think we reach an agreement before january 1st? >> that's just hard to say. there are enough republicans that are showing a willingness and i'm certainly willing to sit down with anybody who is willing to negotiate in between faith. my guess is we probably will get it solve, but i hope item not done in a way that harps tms th economy. but the president has to show us his balanced plan. >> as you said yourself, probably not the way to do to negotiate either on television or in front of everybody. that's probably happening behind the scenes. >> becky, that's not negotiating. that's called putting your plan on the table. republicans have passed two budgets. we have a bipart
and let's not be threatening government shut downs. let's sit down in a good faith effort and that's what president obama is not doing. he's back on the campaign trail which will is unfortunate. he should be in washington here sitting down in a good faith effort to try and grow the economy. because that's ten times more effective. >> senator, what are the odds that you think we reach an agreement before january 1st? >> that's just hard to say. there are enough republicans that are...
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Nov 30, 2012
11/12
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it was a lot of government spending and a lot of other things. second, i think the market is looking forward at a weak fourth quarter number. >> where is bianco research with regard to estimates for fourth quarter growth? >> we were two before sandy and now well under two with sandy and if we get no fiscal cliff deal or kind of a milk toast deal i think we'll stay at those sub par numbers in the 2013. >> even without sandy you didn't think it would be much above 2%. >> right. i'm in the camp the economy is still struggling along. not a recession but not doing very good. >> let's switch gears. there have been many articles out. you always point them out to me. the world's been bearish from treasuries and the world of economists and analysts for years now and they've been wrong. what do you think at this point? >> same thing. bloomberg does a survey of about 80 or 90 economists a month. >> i don't know who they are. >> i've heard of that. 95% of them in the last survey said rates would be high inner six months. you know what? that's been what they'
it was a lot of government spending and a lot of other things. second, i think the market is looking forward at a weak fourth quarter number. >> where is bianco research with regard to estimates for fourth quarter growth? >> we were two before sandy and now well under two with sandy and if we get no fiscal cliff deal or kind of a milk toast deal i think we'll stay at those sub par numbers in the 2013. >> even without sandy you didn't think it would be much above 2%. >>...
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Dec 3, 2012
12/12
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the concern was that the government wasn't going to allow for any price increases for verisign. that's why the stock pulled back. in the wake of the number, reassessing the situation, the company on track for good revenue growth and as a result we have seen a turn-around in today's session, up more than 6%. back to you. >> ocekay, thanks mary. >>> fitch is out with its latest ratings on u.s. states. we have a look at which ones face the biggest threat from the fiscal cliff. >>> later, if you own a car but never drive it, you might be able to make some money off it. ashton kutcher and marissa mayer are backing the start up. the ceo of get-around is coming up. gecko (clearing throat) thank you, mr. speaker, uh, members of congress. in celebration of over 75 years of our government employees insurance company, or geico...as most of you know members it.congress. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newscaster:breaking news. the gecko is demanding free pudding. and political parties that are actual parties!? with cake! and presents! ah, th
the concern was that the government wasn't going to allow for any price increases for verisign. that's why the stock pulled back. in the wake of the number, reassessing the situation, the company on track for good revenue growth and as a result we have seen a turn-around in today's session, up more than 6%. back to you. >> ocekay, thanks mary. >>> fitch is out with its latest ratings on u.s. states. we have a look at which ones face the biggest threat from the fiscal cliff....
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Dec 5, 2012
12/12
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reflects the balanced response, and i've shown myself willing to make tough decisions when it comes to government spending. because despite my reputation -- i think there are efficiencies that can be gained, some programs used to work and just don't work now, as a consequence with working with democrats and republicans last year we were able to cut over a trillion of spending. the largest cut, by the way, in discretionary spending in history. so we're prepared to make some tough decisions when it came tough to -- when you look at what's needed for us to stabilize our budget, stabilize our deficit to gdp ratio, then every credible will follow. we can't just do it on spending cuts. there has to be a balanced approach in which we also are bringing -- partly because our revenue levels are as low as they've been -- >>> we're trying to decide if this is worth sticking with. it's clearly not the president's mike that is turned on. you can sort of hear what he's saying, but not very well. as he makes headlines we'll bring them to you. so we'll get to some reas is lynn jenkins, republican tiff from kansas
reflects the balanced response, and i've shown myself willing to make tough decisions when it comes to government spending. because despite my reputation -- i think there are efficiencies that can be gained, some programs used to work and just don't work now, as a consequence with working with democrats and republicans last year we were able to cut over a trillion of spending. the largest cut, by the way, in discretionary spending in history. so we're prepared to make some tough decisions when...